What Counts as Bad Credit in Oxnard, CA?
When you apply for any type of loan, lenders in California look at your credit score to figure out how likely you are to repay it. Your credit score is calculated using many factors, including your repayment history, the number of accounts you have open, the age of your credit accounts, and any remaining loan balances. While every lender in Oxnard, CA has its own criteria for what it deems a poor credit score, you could be seen as having bad credit if you have a score below 600. Lenders will also be more cautious if you've gone through bankruptcy, repossession, or foreclosure.
Can I Still Get a Car Loan in Oxnard, CA with Low Credit?
You're not the first car buyer to wonder, “Can I get a car loan with a credit score of 600 or less?” Yes, you can. However, you'll likely face some challenges financing a car with bad credit in Oxnard, CA. Most notably, not every lender offers poor or no credit loans, so you may need to put in some extra hours to find a lender inclined to work with you. Thankfully, myAutoloan has lending partners that specialize in bad credit loans.
When you find a lender in California, you may discover your low credit score changes your loan. A poor credit score can limit your borrowing and result in higher interest rates. This high interest rate will lead to larger monthly payments and more spent over the life of the loan. Use our Interest Rate Estimator and Payment Calculator to see an estimate for the monthly payment on your Oxnard loan before completing an application.
Do your potential interest rate and monthly payment have you sweating? You might want to look into increasing your credit score before applying for auto loans in Oxnard, California. Take a look at our Guide to Better Credit for Auto Financing for help understanding and quickly raising 7our credit.
Find the Best Deal on Poor Credit Car Loans in Oxnard, CA
A bad credit score can increase the rate on your car loan, so it's more critical than ever to compare costs and find the right loan in Oxnard, CA. myAutoloan is here to help you find the best loan — regardless of your credit history. All you have to do is choose your offer type and complete our secure, confidential application. You'll see up to four loans at once so you can compare rates in minutes. Finally, you can select the right loan for you and head down to your go-to dealership in Oxnard with cash in hand.
Why wait to get a new ride? Bad credit doesn't have to get in the way. Apply with myAutoloan today and compare up to four bad credit auto loans in Oxnard, CA!